PYMA terms Textile Asia breath of fresh air for industries

Business Mar, 14 2023
PYMA terms Textile Asia breath of fresh air for industries
  • 274
  • 0

KARACHI: Sohail Nisar senior Vice Chairman Pakistan Yarn Merchants Association (PYMA) described Textile Asia exhibition as very important for textile industry, which aims to focus on immense buying selling potential of textile and garment machinery, clothing textiles accessories, textile raw material supplies, weaving machines, spinning machines, textile dyes chemicals, embroidery machines, power and air compressors for textile industry and textile allied services.

Sohail Nisar said that in current situation, this exhibition has proved to be breath of fresh air for industries, as ongoing serious economic crises in country, high dollar price, delay in clearance of imported raw materials consignments, non-opening of LCs, heavy taxes and high rates of electricity and gas, cost of industrial production increased enormously.

However, Textile Asia Exhibition has definitely reduced sufferings of industrialists to some extent as foreign buyers visiting exhibition were proving to be new ray of hope.

He discussed industrial problems with President Karachi Chamber of Commerce and Industry Tariq Yousuf at PYMA’s stall in exhibition and requested to play role to do its part to bring textile industry out of crisis.

Saqib Good luck, Aslam Moten, Farhan Ashrafi, Saqib Naseem, Khurram Bharara, Rizwan Diwan, Sohail Ahmed, Ziaul Arfeen, Junaid ur Rehman, Arif Lakhany, Shoaib Sharif, Asim Ejaz, Hasan Sohail, Saeed Good luck were also present.

Published in The Daily National Courier, March, 14 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

NC Big Stories

Beyond Intelligence: A Tech Lead’s Frontline View of AI’s Advancement

Artificial Intelligence has advanced from lab curiosity to boardroom necessity. But as companies race to integrate AI into their operations the people quietly directing these transformations often remain unseen. Muhammad Faizan Khan, a seasoned Tech...

'Bilawal eyes COAS-Trump talks as positive step'

ISLAMABAD: Pakistan Peoples' Party Chairman, Bilawal Bhutto Zardari, hailed the upcoming meeting between Pakistan's Field Marshal Syed Asim Munir and US President Donald Trump as a positive development for strengthening Pakistan-US relations. In a st...

Iran has 'legitimate' right to self-defence: Erdogan

ISTANBUL: Turkish President Recep Tayyip Erdogan said yesterday Iran had the "legitimate" right to defend itself in the face of Israel's ongoing bombing campaign, now in its sixth day. "It is a very natural, legitimate and legal right for Iran to def...

Iran-Israel conflict threat to regional, global peace: PM

ISLAMABAD: Prime Minister Shehbaz Sharif termed the escalating armed conflict between Iran and Israel as “very alarming,” warning that the situation poses a grave threat to both regional and global peace. Speaking during a cabinet meeting...

More like this
Related

Govt eyes on sustained growth driven by domestic resources: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal while highlighting development priorities of the government, has that Balochistan has been put on an accelerated development path for which Rs230 billion have b...

ADB projects Pakistan's GDP growth at 2.5%, inflation at 6%

ISLAMABAD: The Asian Development Bank (ADB) has projected Pakistan's GDP growth to remain steady at 2.5% in the fiscal year 2025 (FY2025), with a slight increase to 3% in FY2026. The growth is supported by the implementation of a reform program that...

Pakistan, Turkiye sign joint bidding agreement for offshore oil exploration

ISLAMABAD: In a significant step towards enhancing bilateral cooperation in the oil and gas sector, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in an offshore bid round in Pakistan. The agreement was signed on th...

Alvarez & Marsal delegation calls on FinMin Aurangzeb

ISLAMABAD: In a significant move towards enhancing Pakistan's economic future, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, hosted a high-level delegation from global professional services firm Alvarez & Marsal at the Fin...
Need Help? Chat with us